Latest / The Clay Travis and Buck Sexton Show / Daily Review with Clay and Buck - Oct 23 2026

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Daily Review with Clay and Buck - Oct 23 2026 · The Clay Travis and Buck Sexton Show

0:00
Speaker 1: Welcome back in, Clay and Buck. It is the Friday
0:04
Speaker 1: edition of the program, and we appreciate all of you
0:07
Speaker 1: hanging out with us all across the country and all
0:10
Speaker 1: around the world. We are 11 days away from the
0:16
Speaker 1: midterm elections officially being here. As a good American, I
0:20
Speaker 1: have already voted. I have been bullying Buck. Has it worked, Buck?
0:24
Speaker 1: Are you now a good American yet or not?
0:27
Speaker 2: Well, I can just speak to you as a full-time
0:30
Speaker 2: resident of the great state of Florida, unlike Halfway Clay,
0:33
Speaker 2: that yes, indeed, I went with my brother and baby
0:37
Speaker 2: Speed to the polling place yesterday, and I cast my vote.
0:42
Speaker 3: Speed caused quite a stir.
0:44
Speaker 2: All the ladies, the nice ladies working at the voting tables,
0:47
Speaker 2: were like, that is the cutest baby.
0:49
Speaker 3: And I was like, indeed. Indeed he is.
0:51
Speaker 2: I didn't say it out loud, but I wanted to say,
0:53
Speaker 2: and a future Republican. But Yes, voted yesterday. Really nobody
0:58
Speaker 2: else there. So, you know, it didn't feel like Miami
1:02
Speaker 2: Beach was flooding the zone the way that some other
1:05
Speaker 2: reports are from other places. But put my vote in
1:08
Speaker 2: for for Byron Donalds and Ashley Moody, among others. And
1:13
Speaker 2: go vote, everybody, and go vote early. I know you
1:15
Speaker 2: love Election Day. Go vote early.
1:17
Speaker 3: Get it done.
1:19
Speaker 4: Yes.
1:19
Speaker 1: OK, so we are officially both better Americans than all
1:23
Speaker 1: of you out there. that have not yet voted yourselves.
1:27
Speaker 1: There are over 20 million people who have already voted.
1:32
Speaker 1: And I will just give you the numbers right off
1:35
Speaker 1: the top. If you are being discouraged by the polls
1:38
Speaker 1: or talk of a blue wave, all those things, it
1:41
Speaker 1: doesn't exist in the early voting. In fact, the early
1:45
Speaker 1: voting is nearly identical at this point in time to
1:49
Speaker 1: what we saw in 2022. And Republicans won the national
1:55
Speaker 1: popular vote, not only in 2024, but more significantly the
1:59
Speaker 1: last time we had a midterm back in 2022. So
2:04
Speaker 1: the blue wave may materialize. Maybe we will have a
2:08
Speaker 1: blue tsunami.
2:09
Speaker 3: Who knows?
2:09
Speaker 1: As we sit here 11 days out, what I can
2:11
Speaker 1: tell you is that with the people that are voting
2:14
Speaker 1: right now, the over 20 million of you, including Buck
2:19
Speaker 1: and me, there has not been any blue wave at all.
2:24
Speaker 1: In fact, the numbers are nearly identical to twenty twenty two.
2:29
Speaker 1: So at this point in time, some people will say, well,
2:32
Speaker 1: you have to look at this point in time. It
2:34
Speaker 1: is very, very similar. Over 20 million people have voted,
2:38
Speaker 1: and the numbers are nearly identical to 2020. So I
2:44
Speaker 1: want all of you to get out and vote. I
2:46
Speaker 1: don't want you to be discouraged. And certainly there are
2:49
Speaker 1: many different states out there that are battleground states, and
2:53
Speaker 1: we have a lot of data out there, and the
2:56
Speaker 1: data reflects that. There are a lot of Democrats, but
3:00
Speaker 1: also a lot of Republicans out there voting very similar
3:03
Speaker 1: to what we saw in 2022. OK, let's dive into
3:07
Speaker 1: a couple of different stories that are out there. I
3:09
Speaker 1: think this is not going to be ideal. for Troy Jackson.
3:13
Speaker 1: Fox News came out, Buck, in Maine, dead even race, 49-49,
3:19
Speaker 1: according to the Fox News poll that I believe came
3:21
Speaker 1: out yesterday in Maine. That is 49% for Susan Collins, 49%
3:27
Speaker 1: for Troy Jackson. And they're calling in the big guns
3:33
Speaker 1: to come campaign for Troy Jackson because he doesn't have
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Speaker 1: a lot of sizzle. And so they brought in AOC,
3:40
Speaker 1: And Buck, here was AOC. They took questions from the crowd.
3:45
Speaker 1: And among those questions was AOC being asked, why are
3:50
Speaker 1: Democrats not supporting trans people more? Listen to cut seven.
3:56
Speaker 5: I don't support the rights of trans people just to
4:01
Speaker 5: protect my own rights. But I support the rights of
4:03
Speaker 5: trans women because I'm a girl's girl.
4:07
Speaker 6: Yeah.
4:10
Speaker 1: OK, but I think this is a big swing and
4:13
Speaker 1: a miss by AOC. And I talked about this a
4:16
Speaker 1: little bit earlier this morning on Fox and Friends. I'm
4:20
Speaker 1: a girl's girl, says AOC. Do you know what just
4:24
Speaker 1: happened and what is on the ballot? I believe in
4:27
Speaker 1: the state of Washington, a bunch of girls, high school
4:31
Speaker 1: girls had on their cross-country team. a boy who decided
4:37
Speaker 1: to become a girl. He flipped to the girls' cross-country team.
4:41
Speaker 1: He started winning all of the races. And so these
4:44
Speaker 1: high school girls at a cross-country meet just in the
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Speaker 1: last couple of weeks, these high school girls refused to run.
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Speaker 1: When they started the race, they walked. Because they wanted
4:56
Speaker 1: to protest the fact that a boy was identifying as
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Speaker 1: a girl and he was winning all of their races.
5:03
Speaker 1: And so my response to AOC would be, if you're
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Speaker 1: a girl's girl, why are you not standing up for
5:09
Speaker 1: actual girls? Why are you, instead of standing up for
5:13
Speaker 1: actual girls, trying to have some sort of girl summit
5:16
Speaker 1: with a boy pretending to be a girl, with a
5:18
Speaker 1: man pretending to be a woman? I think this is
5:21
Speaker 1: a big whiff. AOC also said, Buck, cut eight, attacking
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Speaker 1: trans girls stops women from standing up to rapists. This
5:31
Speaker 1: is not an argument I think is good.
5:33
Speaker 7: Understand that when they attack trans girls in sports, they're
5:38
Speaker 7: also attacking all women's ability to stand up against their abusers,
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Speaker 7: their rapists, and their assaulters on campuses across America.
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Speaker 3: I don't even know.
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Speaker 2: I'll be honest with you. This is extremely rare. I
5:54
Speaker 2: don't even know what argument she thinks she's making there.
5:58
Speaker 2: It's so absurd or so disconnected that I'm standing up
6:02
Speaker 2: for trans girls is directly related to girls on campus.
6:07
Speaker 2: Just because like one is allegedly a girl and then
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Speaker 2: the other is also a girl. And so it's all
6:11
Speaker 2: girls issues, I guess. But that's a that's a like
6:14
Speaker 2: 70 IQ argument. I mean, this makes absolutely no sense whatsoever.
6:19
Speaker 2: I agree with you. I'm a girl's girl, so I
6:22
Speaker 2: stand up for girls. Look, I think Democrats are going
6:25
Speaker 2: to get pummeled as they should on this issue again,
6:28
Speaker 2: but they're just really hoping, Clay, they view it as
6:31
Speaker 2: the trans issue is a base orthodoxy, base requirement for
6:37
Speaker 2: the left. And they think they can come to power
6:40
Speaker 2: in this midterm and then in twenty twenty eight on
6:44
Speaker 2: economics and Trump corruption.
6:47
Speaker 3: That is absolutely the.
6:48
Speaker 2: Game plan that economics, meaning health care, cost of living,
6:52
Speaker 2: all those things wrapped into one and and saying that
6:55
Speaker 2: Trump is corrupt and the people around him are corrupt.
6:57
Speaker 2: That is the whole game plan. So trans issues might
7:01
Speaker 2: be a political loss leader for them, if you will, meaning, yeah,
7:04
Speaker 2: it's only 10 or 20 percent of the country that
7:06
Speaker 2: agrees with them. But that's a very ardent, very politically
7:10
Speaker 2: active 20 percent. And they think they can win the
7:12
Speaker 2: other 31 percent on all the other stuff. So it's
7:15
Speaker 2: not like this is going to sink her. But I
7:17
Speaker 2: agree with you.
7:18
Speaker 3: It's a crap.
7:18
Speaker 2: It's not even a good argument. It makes no sense.
7:21
Speaker 2: And I am going to say I think she's usually
7:24
Speaker 2: smarter than this. Well, here's the other thing.
7:27
Speaker 3: Maybe not. Yeah.
7:28
Speaker 1: We've been crediting AOC for her political adroitness. Enabling rapists,
7:34
Speaker 1: first of all, even if you accept her argument, I
7:38
Speaker 1: would suggest that putting men in women's locker rooms is
7:41
Speaker 1: one of the ways that you could most enable rapists.
7:45
Speaker 1: Put them actually around women not wearing very many clothes.
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Speaker 1: That would be one of the areas that I think
7:51
Speaker 1: women would be the most vulnerable to rape is when
7:54
Speaker 1: men are allowed into women's private spaces while arguing that
7:58
Speaker 1: they're every bit as much of women as the actual
8:01
Speaker 1: women are. The other part here, Buck, is, and I
8:03
Speaker 1: think this is significant, she didn't make these comments campaigning
8:08
Speaker 1: in California or even campaigning in New York or Illinois,
8:13
Speaker 1: someplace that is a deep blue location. She made them
8:17
Speaker 1: while sitting next to Troy Jackson, who is in a
8:20
Speaker 1: dead even fight in Maine, a state that is a
8:23
Speaker 1: five or six point state in favor typically of Democrat candidates.
8:29
Speaker 1: I think this is going to blow up on her.
8:32
Speaker 1: in a bad way through the Troy Jackson campaign because
8:36
Speaker 1: he's on stage sitting next to her while she's saying
8:40
Speaker 1: all this. Now, it may be beneficial to AOC politically
8:43
Speaker 1: to be making these arguments, but I don't think these
8:46
Speaker 1: arguments are beneficial to be made in states where it
8:50
Speaker 1: is right now completely a 50-50 environment. And by the way, Buck,
8:56
Speaker 1: speaking of the early vote going on, you will be
8:58
Speaker 1: happy to know that on day five in Florida, Republicans
9:03
Speaker 1: are continuing to extend their lead in the early vote.
9:08
Speaker 1: That is, every single day since day one, there has
9:13
Speaker 1: been a growth in overall Republican turnout. And I would
9:17
Speaker 1: just encourage all of you out there that are getting discouraged. Democrats,
9:22
Speaker 1: I was tweeting about this, and I bet our buddy Gerduski,
9:25
Speaker 1: who we need to get on for sure next week,
9:27
Speaker 1: right before the official midterms, Democrat diehards are so committed
9:34
Speaker 1: that they show up as early as possible, Buck. And
9:37
Speaker 1: it feels like every day, every time this happens, day one,
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Speaker 1: day two, wherever you are, whether it's Houston, whether it's Miami,
9:46
Speaker 1: whether it's New York, whether it's Chicago, L.A., Nashville, wherever
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Speaker 1: you are, day one of early voting, Democrats flood the polls.
9:54
Speaker 1: And then because they have so many propagandists in media,
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Speaker 1: they create an entire news site of Democrat turnout is
10:02
Speaker 1: engineered on a level that we have never seen before.
10:05
Speaker 1: We're setting all time records. And then what happens? The
10:10
Speaker 1: days continue to tick up on early voting and Republicans
10:14
Speaker 1: who actually have jobs, who Make the time to get
10:21
Speaker 1: to the poll. And every day after day one and
10:24
Speaker 1: day two, Republicans start to cut into these leads. But
10:28
Speaker 1: a lot of times the story isn't told. And this
10:31
Speaker 1: is why at least I want to focus on the
10:33
Speaker 1: 20 million plus who have voted as opposed to the polls,
10:37
Speaker 1: because I care about what people actually do, not about
10:41
Speaker 1: what some of these pollsters who want to share a
10:44
Speaker 1: story and create a narrative want to put out there.
10:47
Speaker 1: And I'm sure you saw Buck. There were three or
10:49
Speaker 1: four polls that have now been withdrawn that had been
10:52
Speaker 1: very favorable to Democrats that they found out were completely
10:55
Speaker 1: made up. They just didn't exist. They just completely made
10:59
Speaker 1: up all of their numbers. And I do think that
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Speaker 1: that is becoming more and more of a story here.
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Speaker 1: The so-called blue wave is not materializing at all. If anything,
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Speaker 1: this looks very similar to 2022, the last midterm we had.
11:15
Speaker 3: Let's hope that's true.
11:17
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11:18
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11:22
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11:26
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11:42
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12:01
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12:21
Speaker 1: Laugh, learn, and hang with the guys. Clay and Buck,
12:26
Speaker 1: preset on the iHeart app.
12:28
Speaker 2: Second hour of Clay and Buck kicks off now. We
12:31
Speaker 2: are joined by Mike Collins. He represents the 10th District
12:34
Speaker 2: of Georgia, and he is a candidate for for the Republicans,
12:38
Speaker 2: of course, in the great state of Georgia, up against Ossoff.
12:44
Speaker 2: Representative Collins, I see you're in a vehicle. Thank you
12:47
Speaker 2: for making the time for us. I know you're very
12:48
Speaker 2: busy trying to bring this race to a successful conclusion
12:52
Speaker 2: in your favor with a big W. How's it going
12:55
Speaker 2: so far?
12:56
Speaker 1: Yeah.
12:58
Speaker 6: You know, the momentum is out there. We've felt the
13:01
Speaker 6: momentum for a few weeks now. And you can feel
13:03
Speaker 6: the push. The Republicans are showing up. We've got to
13:06
Speaker 6: continue to encourage them to show up. We've got another
13:09
Speaker 6: full week of early voting next week. And that momentum,
13:14
Speaker 6: you can see that in the people that are out
13:16
Speaker 6: there voting. This race, I know polling and you know polling. Polls,
13:19
Speaker 6: they don't really tell the true story. This race has
13:22
Speaker 6: been in the margin era. It has been tight. And
13:26
Speaker 6: we've been seeing that this race is winnable. It is
13:29
Speaker 6: still the number one race in the country to flip.
13:31
Speaker 6: And I'm going to be a U.S. senator from Georgia
13:34
Speaker 6: after November the 3rd.
13:36
Speaker 1: President Trump has been in Georgia rallying, holding a variety
13:41
Speaker 1: of events. You've got a big governor's race going on, too.
13:44
Speaker 1: What is the impact as you see it from the
13:46
Speaker 1: president coming into Georgia?
13:49
Speaker 6: Well, I mean, it's obvious he's coming back for a
13:51
Speaker 6: second time. That tells you he knows this race is winnable.
13:55
Speaker 6: President Trump always has that ability to get that low propensity.
13:59
Speaker 6: Those people that only turn out when Trump's on the
14:01
Speaker 6: ballot or Trump is encouraging them to get out and
14:04
Speaker 6: go vote. And that's what you're seeing. He's going to
14:07
Speaker 6: the right areas. He's making sure that those people get engaged.
14:11
Speaker 6: And when they do, that's when the tides really turn.
14:15
Speaker 6: You know, President Trump won this state handily. This state
14:20
Speaker 6: is not a blue state. It's not purple. This state
14:23
Speaker 6: is really red. And we're going to show that come
14:26
Speaker 6: November the 3rd. I can tell you that. The people
14:29
Speaker 6: are excited and they're engaged because you've got a sitting U.S.
14:32
Speaker 6: senator who has voted almost 100 percent of the time
14:37
Speaker 6: with Bernie Sanders. Now, if that doesn't reflect this state
14:41
Speaker 6: or the people or our values, there's no one in
14:43
Speaker 6: this state that believes in things like men should be
14:46
Speaker 6: in girls sports. No, but I've not met a single
14:49
Speaker 6: soul out there. And yet we're putting 2000 plus miles
14:53
Speaker 6: a week on a vehicle and crisscrossing this state meeting
14:58
Speaker 6: having four to six events a day meeting with thousands
15:01
Speaker 6: of people a week. And and we know that that
15:06
Speaker 6: these the state of Georgia has had enough of John Ossoff.
15:11
Speaker 6: And that's why he's going to get fired on November 3rd.
15:14
Speaker 3: Mike Collins now, he is running against Ossoff in Georgia.
15:17
Speaker 2: We've got a lot of Georgia listeners, so got to
15:19
Speaker 2: make sure you get out there to the polls, everybody.
15:21
Speaker 2: Make sure you vote. You said that he votes with
15:26
Speaker 2: Bernie Sanders a lot, so obviously this guy's a Democrat.
15:29
Speaker 2: He's very blue, very left and all that. Does he
15:32
Speaker 2: try to lean center at this time, though, or are
15:35
Speaker 2: there some issues where all of a sudden Ossoff, pretends
15:38
Speaker 2: to be a little more centrist, just long enough to
15:40
Speaker 2: fool some grannies who weren't paying close attention to the reality?
15:43
Speaker 2: Or is he just going hard left all the way?
15:47
Speaker 6: No, he's going hard left all the way. When you
15:50
Speaker 6: have a sitting U.S. senator who will not talk about
15:53
Speaker 6: his voting record, we've had two debates, and he has
15:56
Speaker 6: yet to explain a single vote that he took. School choice,
16:01
Speaker 6: voting against S-corporations, rural hospitals. I mean, my goodness, he
16:06
Speaker 6: voted against saving our rural hospitals across this state. And
16:11
Speaker 6: he won't talk about his record. It's because he can't.
16:14
Speaker 6: The only thing this guy's doing, John Ossoff is going
16:17
Speaker 6: to be the Democratic Socialist of America candidate for president.
16:22
Speaker 6: He just endorsed another DSA candidate this week, the lady
16:25
Speaker 6: out in Oklahoma. He has taken that mantle from Bernie Sanders.
16:30
Speaker 6: He's using Georgia as a platform. He really doesn't care
16:33
Speaker 6: about us. You can see that in his voting records.
16:36
Speaker 6: He's using that voting record and he is running as
16:39
Speaker 6: far left as he can to raise money. That's the
16:42
Speaker 6: only thing he needs to Georgia for is to be
16:44
Speaker 6: a U.S. senator to raise money. And that's that's what
16:47
Speaker 6: he's doing. The people are on to it now, especially
16:51
Speaker 6: after we've been out there showing the folks in this
16:53
Speaker 6: state exactly what this guy's up to. And we got
16:58
Speaker 6: to get rid of him. We got to get rid
17:00
Speaker 6: of John Ossoff so that he doesn't become a problem
17:02
Speaker 6: for this country.
17:04
Speaker 1: What do you need people in Georgia to do to
17:06
Speaker 1: make that possible?
17:09
Speaker 6: Two things. Make sure you get out there and vote.
17:12
Speaker 6: Get out there and vote. And not only go vote,
17:14
Speaker 6: but go vote early. Because when you go vote early,
17:16
Speaker 6: it's doing what we anticipated it to do. The news
17:19
Speaker 6: media has got to report that. They're reporting that Republicans
17:22
Speaker 6: are showing up and the momentum is with the Republicans.
17:26
Speaker 6: And that'll depress the opposition. It always does. But also
17:30
Speaker 6: make sure that you take family and friends out there
17:32
Speaker 6: to go with you to vote. John Ossoff only won
17:36
Speaker 6: the runoff in 2020 by 55,000 votes. He won it
17:38
Speaker 6: with 50.6% of the vote. He is down. The latest
17:41
Speaker 6: polling has him down to 48% if you want to
17:42
Speaker 6: look at polls. Forty eight percent. He is going in
17:51
Speaker 6: the wrong direction for him. The right direction for us.
17:55
Speaker 6: That shows when you have a sitting U.S. senator who
17:58
Speaker 6: can't poll in the high 50s. Oh, he's got he's
18:01
Speaker 6: got huge problems. All we got to do is make
18:04
Speaker 6: sure we turn out our voters. And that's what we're
18:06
Speaker 6: out there doing. If you're in the state of Georgia,
18:08
Speaker 6: take time. Please go vote today. Go make your vote,
18:11
Speaker 6: secure your vote and take your family and friends with you.
18:16
Speaker 3: Mike Collins, appreciate you being with us. Best of luck
18:18
Speaker 3: to you.
18:18
Speaker 2: We hope you bring home a big W, and if so,
18:20
Speaker 2: please come back on the show. We'll do a little
18:22
Speaker 2: victory dance together, okay?
18:24
Speaker 6: You know we will, and I appreciate y'all having me on.
18:26
Speaker 6: You know, another thing people can do for us, they
18:28
Speaker 6: can go to MikeCollinsGA.com. They can help us out, chip
18:32
Speaker 6: in a few bucks, make sure that we keep the
18:34
Speaker 6: advertising going out there and making sure that we continue
18:37
Speaker 6: to get out that vote.
18:39
Speaker 3: Thank you so much. Thanks for being here, Congressman Collins.
18:41
Speaker 3: Appreciate you.
18:41
Speaker 6: Clay?
18:44
Speaker 2: We're hopeful that we're going to get some in defiance
18:49
Speaker 2: of the prediction markets. Quick question for you. You're a
18:52
Speaker 2: Friday Night Lights fan. Does Mike Collins look like a
18:55
Speaker 2: little bit, a little bit like he could be related
18:58
Speaker 2: to Buddy Garrity from Friday Night Lights for you?
19:00
Speaker 1: That's a good call. Every single high school in the
19:05
Speaker 1: South has a Buddy Garrity. That is, for those of
19:08
Speaker 1: you who don't know, he's the car dealership owner, the booster.
19:12
Speaker 2: He was, by the way, he was the heart and
19:14
Speaker 2: soul of that show, actually. I mean, everyone loves Coach Taylor.
19:17
Speaker 3: He's so handsome.
19:18
Speaker 2: Yeah, but Buddy Garrity is like, he's kind of the
19:22
Speaker 2: foundation upon which the show is built in a lot
19:24
Speaker 2: of ways.
19:25
Speaker 1: Oh, I think Buddy would be a great show in
19:29
Speaker 1: and of himself because there's so many of these southern
19:32
Speaker 1: booster football-obsessed guys. Obviously, I know... thousands of them all
19:39
Speaker 1: over the Southeast. But yeah, Mike Collins, that's a good,
19:41
Speaker 1: that's a good callback. You want a positive buck? I
19:43
Speaker 1: was just telling you this. I love positives. I love positives.
19:47
Speaker 1: Florida Republicans are fine. flooding the polls. And again, just
19:52
Speaker 1: because I say nice things, don't think, well, that means
19:55
Speaker 1: I don't need to go. Clay said nice things, so
19:57
Speaker 1: that means I don't need to go. Clay said bad things,
20:00
Speaker 1: so that means I don't need to go. We want
20:02
Speaker 1: you to be good Americans, like both Buck and I
20:04
Speaker 1: now are good Americans. But now that Buck has voted...
20:08
Speaker 1: and his full-throated support is behind Ashley Moody in the
20:12
Speaker 1: Senate and Byron Donalds as governor. The Polly market and
20:19
Speaker 1: Kalshi prediction markets are surging as Byron Donalds has hit
20:25
Speaker 1: a record today for winning is at 83%, and Ashley
20:29
Speaker 1: Moody is up to nearly 92%. So in the entire campaign,
20:36
Speaker 1: They have never been bigger favorites than they are right now.
20:40
Speaker 1: And that is because Florida actually does a great job
20:44
Speaker 1: of just posting in real time every day how many
20:48
Speaker 1: Democrats showed up, how many Republicans showed up, what are
20:52
Speaker 1: the total numbers, what do they look like. And it
20:56
Speaker 1: is increasingly becoming clear that Florida is going to remain
21:02
Speaker 1: a very red state in this midterm. Now, Buck, worth mentioning,
21:07
Speaker 1: There were two states that really stood out as 2022
21:13
Speaker 1: stalwarts when it came to the voting in their states,
21:17
Speaker 1: New York and Florida. Both went very red in 2022.
21:23
Speaker 1: That is largely the reason why the House flipped. We
21:27
Speaker 1: mentioned Lee Zeldin running a very good campaign for governor,
21:30
Speaker 1: losing by about six and a half points to Kathy Hochul. Florida, what,
21:36
Speaker 1: DeSantis won by 19 points, I think, over his opponent
21:40
Speaker 1: in the 2022 Florida governor's race. Byron Donalds and Ashley
21:45
Speaker 1: Moody are both on track to win big race victories.
21:50
Speaker 1: And that also bodes well, Buck, for all of the
21:53
Speaker 1: redrawn Florida congressional districts. Florida was hoping to add four,
21:58
Speaker 1: maybe five potential Republican districts in that state. Florida is
22:05
Speaker 1: deep red. Clay, Fortress, Florida, the free state of Florida.
22:10
Speaker 1: We had no doubts down here, all my fellow Floridians.
22:13
Speaker 1: We were feeling calm, cool, confident, almost like a spray
22:18
Speaker 1: of ocean air while we're sitting there drinking a delicious
22:23
Speaker 1: Mai Tai on the beach. We knew that we were
22:26
Speaker 1: going to come through big. I'm just going to say
22:28
Speaker 1: it is interesting timing that all of a sudden there's
22:30
Speaker 1: a big surge when the Sexton brothers show up to
22:33
Speaker 1: the polls.
22:34
Speaker 3: It's kind of.
22:34
Speaker 2: Like when the good guys, when the cavalry arrives, when
22:37
Speaker 2: the Apache are about to overrun the wagon train, and
22:40
Speaker 2: all of a sudden, the Sexton brothers up on that hill,
22:43
Speaker 2: chomping on a cigar, shotguns at the ready, come swooping down,
22:49
Speaker 2: swooping down to deliver justice, freedom, and the American way. So, yes, Florida,
22:55
Speaker 2: it's a good day. We're going to come through huge.
22:58
Speaker 2: Big win here. And it's really funny, you know, by
23:00
Speaker 2: the way, people always forget this. Florida is really now
23:02
Speaker 2: the adopted home state of the Trump family, too. I mean,
23:05
Speaker 2: they're of New York like me originally, but all the
23:08
Speaker 2: Trumps pretty much now live in Florida. So it's Trump's
23:11
Speaker 2: home state and not just him, but also his family.
23:13
Speaker 3: Members, too.
23:15
Speaker 1: I've got a funny comment to make on Florida as
23:19
Speaker 1: Republicans are flooding the state. Angie Nixon, the socialist Democrat nominee,
23:26
Speaker 1: is now saying, according to Politico, that it is racist
23:31
Speaker 1: that she has not gotten more support from the Democrat
23:34
Speaker 1: Party on her race. I would just point out Byron
23:39
Speaker 1: Donalds happens to be black and is dominating in the
23:43
Speaker 1: state of Florida. Maybe Angie Nixon is struggling because she
23:47
Speaker 1: is a socialist in Florida, not because she is a
23:51
Speaker 1: black woman in Florida. We don't even have this discussion
23:54
Speaker 1: really anymore, but.
23:59
Speaker 2: That Byron Donalds is black and about to become the
24:02
Speaker 2: governor of the third– fourth biggest state? Third biggest state, right?
24:07
Speaker 2: I'm trying to think. It's California, Texas, Florida. Yeah, third
24:11
Speaker 2: biggest state. So that he's about to become the governor
24:14
Speaker 2: of the third biggest state in America.
24:16
Speaker 3: Go vote.
24:16
Speaker 2: We're not trying to get you to not go finish
24:19
Speaker 2: off the job here. Republicans just always go, yeah, we
24:22
Speaker 2: just want great people to take these jobs and represent
24:26
Speaker 2: their fellow Americans.
24:27
Speaker 8: Right.
24:27
Speaker 2: Democrats, it's always, you know, every time, oh, Kamala, she
24:30
Speaker 2: was going to be the first black female president. Oh, Kamala,
24:32
Speaker 2: she's a black woman. We elect people in the Republican
24:38
Speaker 2: Party who are black, who are women, who are Latino.
24:42
Speaker 3: Marco Rubio is secretary of state.
24:44
Speaker 2: It doesn't even really we're just electing good people.
24:47
Speaker 3: You know what I say? It's just such a different mindset.
24:50
Speaker 2: And it's because Democrats, of course, play that game all
24:54
Speaker 2: the time. And they view people as like everyone has
24:57
Speaker 2: to go into these buckets, these artificial buckets that they create.
25:00
Speaker 2: But for Republicans, yeah, we just want the best person
25:04
Speaker 2: for the job, whatever their race, whatever their gender. There
25:09
Speaker 2: are only two genders, so they got to pick one.
25:11
Speaker 2: But I'd also say, Clay, today is a day that
25:15
Speaker 2: should be remembered, not just, well, because it's a nice
25:20
Speaker 2: day outside.
25:22
Speaker 3: Clarence Thomas.
25:23
Speaker 2: 35 years ago today, I believe, was sworn in to
25:28
Speaker 2: the Supreme Court. So happy Clarence Thomas Day, everybody. One
25:32
Speaker 2: of the greatest living black Americans. One of the greatest
25:36
Speaker 2: living Americans, period. Clarence Thomas. I think the greatest Supreme
25:41
Speaker 2: Court justice of our lifetime. I think he actually edges
25:44
Speaker 2: out Scalia for me. So there you go.
25:47
Speaker 1: He's certainly going to set an all-time record. Let me
25:50
Speaker 1: just say this. And I hope he lives to be 110.
25:53
Speaker 1: We got a lot of old justices. I think the
25:57
Speaker 1: number one reason that you should be voting candidly in
26:01
Speaker 1: the midterms is for Senate control. Because for the next
26:06
Speaker 1: two years, Trump has the ability to put a new
26:09
Speaker 1: Supreme Court justice on, which would give him four. If
26:13
Speaker 1: something were to happen in either direction, there's a lot
26:16
Speaker 1: of people over 70. And I would think that many
26:19
Speaker 1: of you out there, given what we've seen happen with
26:22
Speaker 1: politicians of both parties that have gotten over 70. Never
26:27
Speaker 1: know when it's going to happen. Scalia just died in
26:29
Speaker 1: his sleep. Ruth Bader Ginsburg died right before the election.
26:35
Speaker 1: I unfortunately think there's a decent chance there will be
26:37
Speaker 1: a vacancy in the next two years. And if you
26:41
Speaker 1: want Trump to fill that vacancy, which hopefully somebody be
26:45
Speaker 1: on there 30, 40 years, Buck, that may be the
26:48
Speaker 1: most important and consequential decision that he could make over
26:51
Speaker 1: the next two years. So just FYI, I think that
26:54
Speaker 1: alone is reason to show up and vote for Republicans
26:58
Speaker 1: in major Senate races all over the country.
27:02
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28:10
Speaker 3: Smart, fun, sane. The Clay and Buck Show.
28:15
Speaker 6: Here every day for your listening pleasure.
28:18
Speaker 3: Welcome back into Clay and Buck.
28:19
Speaker 2: Matt Towery joins us now, pollster and author of The
28:23
Speaker 2: Honoring of Ignorance, The Seven Mirages Destroying America.
28:28
Speaker 3: Matt, before we get into the book, and congrats on
28:30
Speaker 3: the book, by the way, the polls... There are some fake.
28:34
Speaker 2: Ones, aren't there? And I really mean that. I don't
28:36
Speaker 2: just mean bad polls. I mean fake, false, you know,
28:42
Speaker 2: phony polls.
28:44
Speaker 9: So, guys, I've been polling for 26 years. And before that,
28:48
Speaker 9: involved with politics with Newt Gingrich and other folks.
28:52
Speaker 4: This is my last year.
28:53
Speaker 9: But in the RealClearPolitics average, which I think is the best,
28:57
Speaker 9: and their scorecard, we scored at the top of the–
29:00
Speaker 9: Most pollsters, every single cycle, maybe one cycle not, but
29:03
Speaker 9: we're generally considered one of the better pollsters.
29:06
Speaker 4: Meanwhile, I have to.
29:07
Speaker 9: Compete with these pollsters who pop up and all of
29:10
Speaker 9: a sudden we find out they don't even poll. Or
29:12
Speaker 9: today we found out another one was soliciting people who
29:15
Speaker 9: are betting in these markets saying, hey, we can move
29:18
Speaker 9: the averages. So there is a major, I mean, you
29:23
Speaker 9: talk about sports, this is becoming like sports, guys. And
29:26
Speaker 9: it's just crazy. So, yeah, we got a problem in
29:29
Speaker 9: the polling industry. And that's why you can't believe half
29:31
Speaker 9: these polls you're seeing right now.
29:33
Speaker 1: Well, that's why I'm going there are I'm watching CNN
29:37
Speaker 1: right now and twenty two point six million ballots have
29:42
Speaker 1: now been cast. These are early ballots. At what point,
29:46
Speaker 1: from your perspective, as somebody who has looked at polling,
29:50
Speaker 1: do you shift from, hey, this is what we project
29:53
Speaker 1: to happen and move into, OK, let's talk about what's
29:57
Speaker 1: actually happening, because the early vote. I'll call it a phenomenon.
30:01
Speaker 1: It only seems to be growing. Both Buck and I
30:03
Speaker 1: have already voted. Obviously, you have different dynamics here in
30:08
Speaker 1: play because of the way that October surprises can happen.
30:12
Speaker 1: But if there's a later October surprise, I've already done it.
30:16
Speaker 1: I've already got my votes in. What are you seeing,
30:19
Speaker 1: if anything, from the 22 million plus or so ballots
30:23
Speaker 1: that are already in?
30:25
Speaker 9: Well, I think you pegged it yesterday or today. You
30:28
Speaker 9: put a post up saying that this is looking more
30:30
Speaker 9: like the 22 midterms, not some giant blue wave.
30:36
Speaker 4: What I'm seeing is a silver wave.
30:40
Speaker 9: We have polled along with Rasmussen and Trafalgar, which I
30:43
Speaker 9: think are the two other best pollsters in this country,
30:45
Speaker 9: along with a few others. Emerson College does a good job.
30:49
Speaker 9: There are others, but we're all seeing the same thing.
30:51
Speaker 9: And that is when we ask, are you enthusiastic about voting?
30:56
Speaker 9: seniors are like 20 points above anybody else. And now
30:59
Speaker 9: when we look at like the early vote in Georgia,
31:02
Speaker 9: do you know almost 50% of the early vote in
31:05
Speaker 9: Georgia are 65 and over? And that number, that percent,
31:09
Speaker 9: when you look at and compare it to how they
31:11
Speaker 9: say they're going to vote, they're voting Republican big time.
31:14
Speaker 9: So I have been dealing with this is what. So
31:16
Speaker 9: the book, The Honoring of Ignorance, I wrote it originally
31:19
Speaker 9: as a student at Cambridge. I know you can't believe
31:21
Speaker 9: that my twang doesn't sound that way, but I went
31:23
Speaker 9: to law school in Florida. So I'm a good guy
31:25
Speaker 9: and I'm a Georgian originally. I wrote this book back
31:29
Speaker 9: 40 years ago, got a one of those New York
31:33
Speaker 9: literary agents, Anne Elmo, who.
31:35
Speaker 4: Was a great lady. She said she would take it
31:37
Speaker 4: on and she.
31:37
Speaker 9: Shopped it to all these publishers and they came back
31:40
Speaker 9: and they said the same thing. They said, we love
31:42
Speaker 9: the book. but he's too young to say it. Well, now, guys,
31:45
Speaker 9: I'm retiring. I'm 67 years old. Am I too old
31:48
Speaker 9: to say it?
31:48
Speaker 4: That's the big question. Well, let me tell you what
31:52
Speaker 4: I think is going on.
31:53
Speaker 9: As usual, you have the pile on with the polls
31:57
Speaker 9: that the aggregators, particularly Nate Silver and these other like folks.
32:03
Speaker 9: I mean, real clear politics is very fair, but they
32:05
Speaker 9: go in and rate everyone. They rate us as being
32:08
Speaker 9: mediocre pollsters, even though Trafalgar, Insider Advantage, Rasmussen have nailed
32:14
Speaker 9: all of the presidential contests. And we were pretty good
32:16
Speaker 9: in the midterms last time, although we went a little
32:19
Speaker 9: bit over with the big red wave. But they won't
32:23
Speaker 9: run our polls. I mean, they run them in our aggregation.
32:26
Speaker 4: Some of them do. But they try to denigrate us.
32:29
Speaker 9: They take little bitty places that poll and people who
32:32
Speaker 9: don't poll very often and put them ahead of us.
32:34
Speaker 9: And as a result, you get this impression that every
32:37
Speaker 9: time that there's just this giant blue wave coming.
32:40
Speaker 4: And it never materializes.
32:42
Speaker 9: What we're seeing right now, to be to your point,
32:45
Speaker 9: we are seeing most of the states that we're polling
32:47
Speaker 9: compress one point, two points. For example, Iowa, everybody said, oh, boy,
32:53
Speaker 9: that's going Democratic. Today, we have a poll out showing
32:55
Speaker 9: Iowa two points up Republican, I think trending Republican. Michigan,
33:00
Speaker 9: it's one point now for El-Sayed. But think about the momentum.
33:05
Speaker 9: Rogers was down six, seven points in all these other polls.
33:07
Speaker 9: All of a sudden, this thing is almost dead even. Texas,
33:10
Speaker 9: dead even in almost everybody's polls. So to your point,
33:14
Speaker 9: I see a trend taking place in which, yes, this
33:17
Speaker 9: is going to be a tight election season. And obviously,
33:21
Speaker 9: whenever you have an incumbent president, you have a war
33:23
Speaker 9: going on, you have other issues, it's always going to
33:25
Speaker 9: take a little bit off. But I think that these
33:28
Speaker 9: polling mavens, experts, the honoring of ignorance that we see
33:32
Speaker 9: all the time is going to once again blow up
33:35
Speaker 9: in their face. And we're going to have very tight races.
33:38
Speaker 9: We have some Republican wins that nobody expects.
33:41
Speaker 3: Matt, tell us about the book, will you?
33:43
Speaker 2: This is very interesting to Clay and I both are
33:46
Speaker 2: not only authors, but we actually write books, meaning that
33:48
Speaker 2: we write.
33:48
Speaker 3: Which is these days, which.
33:51
Speaker 2: We like to point out, especially in the age of AI,
33:53
Speaker 2: when you can basically tell a book, write a 200
33:55
Speaker 2: page book for me. And, you know, yeah, well, but
33:58
Speaker 2: tell us, tell us what the most important things are
33:59
Speaker 2: from the book.
34:01
Speaker 4: Well, so I did this from the perspective.
34:05
Speaker 9: I mean, I'm an old guy now. I've met eight
34:07
Speaker 9: American presidents over the years. There's many I've sort of
34:10
Speaker 9: dealt with. Some I haven't, but I've been around most
34:13
Speaker 9: of them. I have an idea of how elections run.
34:16
Speaker 9: I've seen elections in terms of polling.
34:17
Speaker 4: I was a candidate. I served in the Georgia House
34:19
Speaker 4: of Representatives.
34:20
Speaker 9: And we have a mirage machine in this country, and
34:24
Speaker 9: it's made up of a disingenuous media that tries to
34:27
Speaker 9: omit issues that or important facts, or they want to
34:30
Speaker 9: contort them, or they simply make them up. And that
34:34
Speaker 9: makes up about 75% of all the information Americans get.
34:38
Speaker 9: Only 25% of American information that gets to the public
34:43
Speaker 9: are conservative in nature. So most of what they get,
34:47
Speaker 9: they get off of Google News, Apple News, they get online,
34:50
Speaker 9: but it's fed from these liberal organizations. And then you
34:53
Speaker 9: have fact checkers. I mean, guys, I had a fact checker, Snopes, Now,
34:58
Speaker 9: we polled for ABC affiliates, NBC affiliates, all of the
35:02
Speaker 9: Fox owned and operated affiliates. I've been doing affiliates, rather.
35:08
Speaker 9: I've been doing Sean Hannity's polling for years. When Snopes
35:11
Speaker 9: didn't like one of my polls last year, they wrote
35:14
Speaker 9: something that said the following. We couldn't find anything about
35:17
Speaker 9: them on their website. We don't know if they have
35:19
Speaker 9: a physical office and we have no idea if they're credible. Well,
35:23
Speaker 9: you could have Googled it or gone to RealClearPolitics to
35:26
Speaker 9: see we've been around longer than most pollsters and that
35:28
Speaker 9: we poll for everybody. So when you have fact checkers
35:31
Speaker 9: making up stories, or in my opinion, when you have
35:33
Speaker 9: the media pushing a certain agenda and when you don't
35:37
Speaker 9: have a countervailing force because there's a lot of conservative media,
35:40
Speaker 9: but it's not enough to fight these guys every day,
35:43
Speaker 9: then the country gets brainwashed. That mirage machine goes into work.
35:47
Speaker 9: The pollsters that they like and that they promote and
35:49
Speaker 9: that they will repeat on TV are Those pollsters come
35:53
Speaker 9: out and say, oh, yes, that's absolutely right. Trump's unpopular.
35:56
Speaker 9: The war is unpopular. Everybody's upset about gas prices. They
35:59
Speaker 9: put it in everybody's minds. And then the fact checkers say, oh, yeah,
36:03
Speaker 9: that fact is right. And when you take all of
36:05
Speaker 9: that together, what Republicans and conservatives are fighting against is
36:09
Speaker 9: just unbelievable. And that's what I write about. I go
36:12
Speaker 9: through all of the things that they've said about Trump. Trump,
36:15
Speaker 9: the xenophobe, Trump, the racist, Trump, the warmonger.
36:19
Speaker 4: You go, you name it. I went through it.
36:21
Speaker 9: And I show where each time the media omitted issues,
36:25
Speaker 9: they presented it the wrong way, they twisted things. And
36:29
Speaker 9: then in that milieu that they create, the American people
36:32
Speaker 9: are brainwashed into thinking that Trump's bad, conservatives are bad,
36:35
Speaker 9: Republicans are bad, they're going to lose. And we're seeing
36:38
Speaker 9: all this stuff happen again right now. We have a
36:41
Speaker 9: great economy going on other than one thing, the gas pump.
36:45
Speaker 9: Inflation is half of what it was under Joe Biden
36:47
Speaker 9: at this time when he was running during when they
36:50
Speaker 9: were having the midterms. I mean, it was seven, almost
36:52
Speaker 9: eight percent under Joe Biden. It's three point seven percent
36:55
Speaker 9: under Trump. We have the lowest unemployment since the 1960s.
37:01
Speaker 9: Personal income is up. Now, I do wish the Republicans
37:04
Speaker 9: had had advertised this more. And I have a chapter
37:06
Speaker 9: in the book at the end that says if Republicans
37:08
Speaker 9: are really in a win down the road, they've got
37:11
Speaker 9: to start running ads during June and May and July,
37:15
Speaker 9: educating the public and letting them know the truth that
37:17
Speaker 9: these media mirage machines will not let them hear about.
37:21
Speaker 9: So that's why we always have to fight like hell
37:24
Speaker 9: in the last two weeks to try to win an election.
37:26
Speaker 9: But that is the story. It's how it affects a
37:29
Speaker 9: public opinion. I talk about how the polling raiders and
37:33
Speaker 9: mavens like Nate Silver and the old 538, they try
37:38
Speaker 9: every way in the world to take the pollsters who
37:40
Speaker 9: are the most accurate because we happen to come from
37:42
Speaker 9: Republican backgrounds and decide that we're the worst pollsters. And
37:46
Speaker 9: they don't want to run our polls.
37:47
Speaker 4: They want to run.
37:48
Speaker 9: They don't want to run our polls because we're the
37:50
Speaker 9: best pollsters and we're right. And it happens to show
37:52
Speaker 9: Republicans doing well.
37:55
Speaker 1: Sorry to cut you off in this book. Sounds fascinating.
37:57
Speaker 1: And this is awesome conversation. Buck and I are both
38:00
Speaker 1: data nerds. The book, by the way, is I want
38:03
Speaker 1: to make sure I get it right. The honoring of ignorance,
38:07
Speaker 1: the seven mirages, the seven mirages destroying America. Tell me
38:11
Speaker 1: about the filibuster. You write about the filibuster. There's been
38:15
Speaker 1: a massive amount of discussion surrounding the filibuster in the
38:18
Speaker 1: Senate in a minute or a minute and a half.
38:21
Speaker 1: What is the history of the filibuster and what should
38:24
Speaker 1: we know? What should this audience know about it?
38:27
Speaker 9: Well, the first thing we should know is that there
38:29
Speaker 9: was no such thing as filibuster. I mean, the Constitution,
38:32
Speaker 9: for example, did not provide for direct election of the
38:35
Speaker 9: president or the Senate. When the Electoral College was to meet,
38:39
Speaker 9: by the way, there's no mention of the Electoral College
38:41
Speaker 9: in the Constitution.
38:42
Speaker 4: It just says electors.
38:44
Speaker 9: But when they were to meet, they were to vote
38:46
Speaker 9: for the president and the runner up would be the
38:48
Speaker 9: vice president. So there was no ticket. There were no
38:50
Speaker 9: parties and there was no filibuster. The filibuster developed. It's
38:54
Speaker 9: too technical to go into right now. The filibuster developed
38:59
Speaker 9: after several, several cycles. And it basically became a vehicle
39:04
Speaker 9: in which someone could get up and talk and talk
39:06
Speaker 9: and talk to try to kill a bill. Well, at
39:09
Speaker 9: some point, as we got into the modern era, the
39:12
Speaker 9: determination was, well, let's not do that. Let's just say
39:14
Speaker 9: if you can't get 60 senators in favor of something,
39:18
Speaker 9: we'll just say it's a filibuster and we won't let
39:20
Speaker 9: the bill go through. Now, the Republicans had a chance
39:24
Speaker 9: to get rid of that, which would have allowed all
39:26
Speaker 9: of Trump's major bills to go through everything. And President
39:29
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39:31
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39:33
Speaker 9: we got rid of the filibuster. If we had done that,
39:35
Speaker 9: we wouldn't even have to worry about these midterms. So
39:38
Speaker 9: much would have been accomplished because we had a majority.
39:41
Speaker 9: But the senators wouldn't do it. And I can assure
39:43
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39:45
Speaker 9: the Senate, the first thing they will do is get
39:48
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39:51
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39:54
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39:57
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39:59
Speaker 9: a handful always who wouldn't stick to the old rules,
40:03
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40:05
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40:07
Speaker 3: Very well said. Really well said.
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42:40
Speaker 2: Welcome back in here to Clay and Buck. As promised,
42:43
Speaker 2: we are joined now by the Secretary of the Treasury,
42:46
Speaker 2: Scott Besant.
42:48
Speaker 6: Mr.
42:48
Speaker 3: Secretary, appreciate you making the time for us, sir. Gentlemen,
42:51
Speaker 3: good to see you.
42:53
Speaker 2: So many big topics to hit with you, and we're
42:55
Speaker 2: going to try to run through a bunch of them because,
42:57
Speaker 2: you know, Treasury, it's a big deal.
42:59
Speaker 3: Big job. It's a big Treasury.
43:01
Speaker 2: Homeownership. This is one that I live in Florida, Mr. Secretary,
43:05
Speaker 2: and it's a big thing here. I know it's a
43:07
Speaker 2: big thing all across the country, though. Price of a
43:10
Speaker 2: median family home is up, I think, 40, 50 percent
43:13
Speaker 2: since covid. Obviously, this has put some real strain on
43:17
Speaker 2: people's budgets. People's mortgage payments are high. What is the
43:20
Speaker 2: Trump administration doing? Tell us about this making homeownership more
43:24
Speaker 2: affordable initiative.
43:27
Speaker 9: Well.
43:28
Speaker 8: Buck, one of the things we've done is to try
43:30
Speaker 8: to level the playing field for families who want to buy.
43:37
Speaker 8: We had institutional investors getting into the market and everyone
43:42
Speaker 8: said to me, well, aren't you in favor of free markets?
43:45
Speaker 8: And I said, I am, but free markets have to
43:47
Speaker 8: be fair markets. And institutional buyers have a financing advantage.
43:52
Speaker 8: They have a tax advantage with the way that appreciation works.
43:57
Speaker 8: What we've done is we have pushed institutional buyers out
44:01
Speaker 8: of MLS, and we are limiting institutional buyers to not
44:06
Speaker 8: being able to own more than 350 homes. Then what
44:09
Speaker 8: we haven't done, we are still making it easy for
44:14
Speaker 8: institutional investors to build rental properties. We're trying to level
44:18
Speaker 8: the playing field, create some rental supply, and I think
44:23
Speaker 8: that we will see Big gains from that. I'm sure you,
44:28
Speaker 8: like myself, have had lots of friends who are looking
44:31
Speaker 8: at houses on Zillow or Realtor.com and then it gets taken. Well,
44:37
Speaker 8: very good chance that that had been an institutional buyer,
44:41
Speaker 8: someone sitting a thousand miles away with a big wallet.
44:45
Speaker 3: In New York.
44:46
Speaker 1: I want to give you a chance to pitch to
44:48
Speaker 1: all the parents and the grandparents out here. Exactly how
44:52
Speaker 1: transformative Trump accounts can be for their young children just
44:57
Speaker 1: based on the compound interest impact alone when you're starting young.
45:01
Speaker 1: And also give you an opportunity, I'm sure you saw
45:04
Speaker 1: that Elon Musk talked about the possibility of giving away
45:07
Speaker 1: a share of SpaceX potentially in these Trump accounts. I
45:11
Speaker 1: know there's been tons of entrepreneurs who have been working
45:14
Speaker 1: hard to try to seed this idea of embracing capitalism
45:19
Speaker 1: in an ownership society. Why should everybody have a Trump account?
45:23
Speaker 1: What's the importance? And what do you think about the
45:25
Speaker 1: growth in terms of entrepreneurs embracing this as well?
45:29
Speaker 5: Yeah, Clayton.
45:30
Speaker 8: The great series of questions, and this is something near
45:34
Speaker 8: and dear to my heart, 38% of American households have
45:39
Speaker 8: no exposure to our great equity markets, either through direct
45:43
Speaker 8: ownership of equities or through 401ks, but Trump accounts are
45:48
Speaker 8: for everybody.
45:48
Speaker 3: So at U.S.
45:50
Speaker 8: Treasury, the beginning of the month, we opened accounts for
45:54
Speaker 8: 70 million children. All parents have to do to go
45:58
Speaker 8: and claim the account is trumpaccounts.gov. And anyone with children
46:05
Speaker 8: 18 or under can claim those accounts. Any child born
46:10
Speaker 8: during President Trump's term, Treasury is going to provide $ 1, 000
46:14
Speaker 8: seed investment. Many of our great philanthropists like Susan and
46:19
Speaker 8: Michael Dell, they're putting in $ 6. 25 billion to children who
46:25
Speaker 8: are not in the top 20% of zip codes and
46:28
Speaker 8: are age 12 or below and don't get the treasury seed.
46:34
Speaker 8: So that is 25 million accounts. So there are 25
46:39
Speaker 8: million accounts sitting there waiting with $ 250 in there. But
46:43
Speaker 8: more importantly, parents can add up to $ 5, 000 a year.
46:45
Speaker 8: Employers can add up to $ 2, 500 a year. And children
46:49
Speaker 8: can sit, you can Families can look online and see
47:00
Speaker 8: the power of compounding and learn about the stock market.
47:04
Speaker 8: When I was a little kid in rural South Carolina,
47:06
Speaker 8: the only thing I knew about the stock market was
47:09
Speaker 8: something bad had happened on Wall Street in 1929. So
47:13
Speaker 8: the other thing we've done at Treasury is we have
47:15
Speaker 8: 15 learning modules and families can go on because you
47:20
Speaker 8: got to remember many of these parents, it's going to
47:22
Speaker 8: be the first time their households have had these accounts.
47:26
Speaker 8: And aunts, uncles, friends for birthdays, holidays can put money
47:32
Speaker 8: into these accounts very quickly.
47:35
Speaker 2: Speaking to Secretary of the Treasury Scott Bassett and Mr. Secretary,
47:40
Speaker 2: as you know, we have a midterm election coming up
47:42
Speaker 2: and there's just been a lot of conversation. I'm sure
47:44
Speaker 2: you get asked about this all the time. A lot
47:46
Speaker 2: of conversation centered around frustrations with cost of living, more
47:53
Speaker 2: specifically energy. To anybody out there who is asking the question,
47:58
Speaker 2: whether it's a trucker in Topeka or a nurse out
48:04
Speaker 2: in Phoenix or whatever, what has the Trump administration been
48:09
Speaker 2: doing and working on to help me? Help me so
48:13
Speaker 2: I can pay my bills. Help me so this economy
48:15
Speaker 2: works in a way that benefits me and the American
48:18
Speaker 2: people more broadly.
48:19
Speaker 3: What's your answer to that? What do you say? Yeah, and.
48:23
Speaker 8: Buck, look, sometimes I feel like an emergency room doctor.
48:27
Speaker 8: The Biden administration backed over the American public with the
48:32
Speaker 8: biggest inflation in two generations, in 50 years, 21.5% inflation.
48:38
Speaker 8: But more importantly than that, wages lagged by about 4%, 4.5%.
48:42
Speaker 8: And for working Americans, the inflation for them was probably
48:47
Speaker 8: over 30%. So they probably lost 15% of their purchasing power.
48:52
Speaker 8: And affordability has many, many parts. So one of the
48:56
Speaker 8: things we're doing, we created over a million private sector
49:00
Speaker 8: jobs this year. And private sector jobs, they outpace inflation.
49:06
Speaker 8: We're seeing real wage growth. Wages are up about 1.5
49:12
Speaker 8: percent despite the energy price shock since President Trump came
49:16
Speaker 8: into office. That's not our goal. But it's stay in
49:21
Speaker 8: the black, I think it's pretty good given the energy shock.
49:27
Speaker 8: So we've created jobs. Secondly, with the President's working families
49:32
Speaker 8: tax cuts, we're making sure that Americans keep more of
49:34
Speaker 8: their wages. So no tax on tips, no tax on overtime,
49:38
Speaker 8: reduced taxes on Social Security. 85% of our seniors don't
49:43
Speaker 8: pay taxes on their Social Security. Deductibility of interest if
49:47
Speaker 8: you buy an American-made car. So more jobs, keeping more
49:51
Speaker 8: of your wages, and then we're going to get to
49:54
Speaker 8: the other side of this energy price shock, and the
49:59
Speaker 8: wage growth will continue. And I think that energy prices
50:04
Speaker 8: are going to be lower than they were at the
50:06
Speaker 8: beginning of this year. We've also seen food prices now
50:15
Speaker 8: have gone down for four months in a row. We
50:17
Speaker 8: are below the Fed's target on inflation and food prices.
50:21
Speaker 8: We're at 1.8% for what's called food at home. You
50:25
Speaker 8: and I would call it groceries. The other thing too,
50:28
Speaker 8: we've seen the biggest decrease in prescription drug prices in
50:33
Speaker 8: history down four and a half percent. And guys, guess what?
50:38
Speaker 8: When 25 million illegal aliens came to the country and
50:43
Speaker 8: we didn't have any new housing stock, rents went up.
50:45
Speaker 8: So now that we've got deportations, some voluntary, some non-voluntary,
50:52
Speaker 8: we're seeing rents go down across the country.
50:55
Speaker 1: I think this is also important building on that. Democrats
50:59
Speaker 1: are the arsonists who lit all of the affordability crisis fire.
51:04
Speaker 1: And now they are arguing, we're the people that are
51:06
Speaker 1: best to put it out. And I'll point to one
51:08
Speaker 1: policy that I bet you are fired up about, even
51:11
Speaker 1: though it's a state policy. The idea of taxing billionaires
51:15
Speaker 1: in California is on the ballot. And again, I know
51:17
Speaker 1: that's a state tax, but every single country that has
51:21
Speaker 1: ever tried to do a billionaire tax like this has
51:24
Speaker 1: actually ended it because it's counterproductive. Isn't the essence of
51:29
Speaker 1: all of this that Democrats, if you're fired up about
51:32
Speaker 1: affordability and you're upset about it, all of their policies
51:35
Speaker 1: would make it far worse?
51:38
Speaker 8: Yeah. So, Clay, I was with the president last night
51:42
Speaker 8: in my home state of South Carolina, up in Clemson.
51:46
Speaker 8: And my point during my opening speech for the president was.
51:51
Speaker 3: They'll do it again.
51:52
Speaker 4: Yeah.
51:53
Speaker 8: They opened the border, which caused inflation, and pushed down wages.
51:57
Speaker 8: They'll do it again. They blew out the budget deficit.
52:02
Speaker 8: And not my analysis, MIT and Ward analysis, that 50%
52:06
Speaker 8: of the inflation came from the big budget deficit. They'll
52:12
Speaker 8: do it again. And inflation, they will do it again.
52:15
Speaker 8: Because one of the reasons we got the great inflation
52:18
Speaker 8: was the Democrats created a demand-shock with government spending, but
52:24
Speaker 8: then their regulatory state and their love of the regulatory
52:29
Speaker 8: state decreased supply and too much demand, constricted supply. That's
52:35
Speaker 8: how you get inflation. What President Trump has done, we
52:38
Speaker 8: are creating a private sector demand shock in wages and
52:42
Speaker 8: we are increasing supply. There's more energy. We have deregulated
52:49
Speaker 8: the economy. There's more credit available.
52:52
Speaker 3: What is your thought, Mr.
52:53
Speaker 2: Secretary, on anybody out there who is concerned that the
52:59
Speaker 2: entire economy at some level, that's too broad of a statement.
53:03
Speaker 3: People will say stuff like this, though.
53:05
Speaker 2: A large sector of the economy has become a bet
53:07
Speaker 2: on AI. And maybe even if AI does work, and
53:11
Speaker 2: it clearly does in a whole bunch of ways we're
53:13
Speaker 2: already seeing, we're entering a bubble and there's a little
53:16
Speaker 2: bit of a sky is falling from some people out there.
53:20
Speaker 3: How do you view that?
53:22
Speaker 8: Yeah, I think that the economy is much better balanced
53:27
Speaker 8: than people think. We are seeing a manufacturing renaissance, and
53:33
Speaker 8: we do not count data centers as factories. So we
53:37
Speaker 8: are seeing factory structures go through the roof. We are
53:42
Speaker 8: seeing a construction boom. But historically, we have sequencing here.
53:48
Speaker 3: One of my.
53:52
Speaker 8: Ever so fun hearings, one of the Democrats said, well,
53:55
Speaker 8: President Trump, they promised a manufacturing boom and we haven't
53:59
Speaker 8: gotten it yet. It was six months into this administration
54:03
Speaker 8: and President Biden wiped out 200,000 manufacturing jobs, and now
54:09
Speaker 8: we're creating them again. So what we're seeing is sequencing.
54:13
Speaker 8: You get construction jobs that then turn into manufacturing jobs.
54:17
Speaker 8: My hometown in Charleston, South Carolina, Boeing is doing a
54:20
Speaker 8: massive expansion, doubling their Dreamliner facility. And those are several
54:27
Speaker 8: thousand construction jobs that's going to turn into a thousand
54:30
Speaker 8: high-paying Boeing jobs.
54:33
Speaker 1: Last question for you, Secretary Besson. You guys have got
54:37
Speaker 1: a genius act that is now being implemented that was passed,
54:42
Speaker 1: and it has impact on crypto, digital currencies, many different
54:46
Speaker 1: assets out there. What should this audience know about that
54:49
Speaker 1: bill and what its impact is going to be?
54:52
Speaker 8: So the genius act is for stable coins. And I
54:55
Speaker 8: think stable coins are going to be very, very important
54:58
Speaker 8: for payments, for money transfers. And what everyone should know
55:02
Speaker 8: is the Trump administration is committed to making the United
55:07
Speaker 8: States the digital asset capital of the world. And the
55:12
Speaker 8: digital assets, whether it's crypto or other digital assets, had
55:16
Speaker 8: a near extinction event, nearly extinct under President Biden with
55:21
Speaker 8: their very onerous policies, sending out Wells notices, cutting their
55:25
Speaker 8: bank accounts, threatening of both the venture capitalists and the
55:30
Speaker 8: companies themselves. So what we've done is we have brought U.S.
55:34
Speaker 8: best practices to the industry, and we are onshoring the industry. Because, Clay,
55:41
Speaker 8: I can tell you that the nonsense happens in crypto
55:45
Speaker 8: when it's offshore. So we want to bring our regulatory
55:48
Speaker 8: regime and then the rest of the world will have
55:51
Speaker 8: to come to us. So I think that this is
55:54
Speaker 8: going to is the first step in making the U.S.
55:56
Speaker 8: the premier crypto destination in the world. And I think
56:01
Speaker 8: stable coins, most of them are dollar backed. So it's
56:04
Speaker 8: going to assert U.S. dollar dominance. And I think that U.S.
56:09
Speaker 8: stable coins are going to be the the the benchmark
56:15
Speaker 8: that everyone has to judge themselves against, including our regulatory regime.
56:20
Speaker 2: Treasury Secretary Besson, thank you so much for making the time, sir.
56:23
Speaker 2: We appreciate it.
56:25
Speaker 8: Good to see you.
56:27
Speaker 3: Thank you.
56:28
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